Warner Bros opened at $11.4 yesterday before posting solid session gaining 3.16%

A quick look at yesterday: the US mass media and entertainment conglomerate went up to $11.44, gaining 3.16%.

Nevertheless, United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

This rally in Warner Bros. Discovery's share price coincided with other communication services stocks as Netflix traded at $378.88 after closing yesterday's trading day at $359 (up 5.54%). Meta Platforms added 3.7% to its value, and traded at $262.04. AT&T was up 2.31%.

The US media colossus is now trading 29.11% below its 3-month high of $18.76.